I countered at $93K, he finals at $99K and a $5K seller's credit saying any less and he's in short sale territory.It'd cost roughly $2,500 (if the numbers my agent collected are accurate) to split off the water and pin the utility to the tenants. 10% for management and another 12% for vacancy/repair reserves and I'm still looking at a 20% cash-on-cash return.You guys are pros, and I'm not.

I run the maintenance & construction crew consisting of five guys and my wife does the leasing and new property acquisition.

I can see where they would support such activities, the acquisition and rehab of properties and perhaps the ultimate sale of properties to get people started in ownership of safe and affordable housing but may not want to hold title.

Rainsing the capital is only one end, finding enough acquisitions is the other.

I'd then suggest you take that and see your attorney to get a final draft.

I have a home in decent shape. Seller is motivated and wants to sell by the end of the month. He has about $4.7k in property taxes, and he'll borrow money from a friend to pay the oldest tax to keep the property, but ...

At first, I hired almost everything out except for project management and acquisitions.

Bring in 1+ people who specilalize in mold remediation BEFORE you make a final committment to building - you should be able to get an estimate and an idea of the mild/serious nature of it.

An investor friend of mine did a geographical farm of 30k homes and finally decided it wasn't worth it.

Hi there,I finally decided to make a profile and join; been lurking in the shadows for too long.